If you wonder how Apple Stock will move here it is your answer through a detailed chart analysis
Apple stock broke the all-time high of 182.94. However, we must ask ourselves if it is a good climb because there are often all kinds of market pitfalls. My name is Andrei; I have been trading in the stock market since 2007. In today’s video, I will analyze the stock of the tech giant Apple using a revolutionary way to explore the charts, namely the Refined theory of Elliott waves.
Apple Stock Chart Analysis
From January 4, 2022, Apple shares entered the corrective phase, an Elliott wave structure called Flat; this wave a-b-c colored in blue, from 182.94 to 129.04.
Currently, the Apple action is during the construction of an intermediate structure, which is not complete, an expanded flat structure colored in green – A-B-C. This kind of structure in which wave A, with green, has both value extremes invalidated, has probably confused many of you, but the structure is not complete, not even by a long shot, for the accurate upward movement, as we will see in the section.
Apple Stock Price Forecast
The price can still go up, maybe even to 201.9, who knows, but because the structure reached the minimum it needed to be valid, when wave C reached a level above the level of 176.15, the maximum of wave A, with green. Any buy entry from this moment risks remaining captive for the following months, at least, if not in 2024, until the structure’s completion because, until then, the price must collapse at least once more in an inclusive movement. The entry of the cost, again, into the territory of the A wave, with green, will trigger massive share sales.
Trading Plan
If you wish to sell this stock, wait to see the intention of the price to go down first, especially if you trade on margin, where the risks with high leverage are infinitely more significant; for more details, you can contact me at the email address, for more information such as the price forecast, where I would place a sell order and analysis updates on this stock and other stocks and instruments.
Disclaimer: This material does not represent trading advice, and any losses associated with this material are strictly your responsibility.
